Looking to diversify beyond DAX? The ETFs below have the lowest correlation with DAX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from DAX.
Best Diversifiers for DAX
298 ETFs have low correlation with DAX (below 0.3), 82 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.43, roughly unchanged from -0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.43 | -0.48 | -0.52 | 51 | Currency | DAX vs UUP | |
| Defiance Daily Target 2X Short MSTR ETF | -0.42 | -0.38 | -0.38 | 60 | Inverse Equities | DAX vs SMST | |
| ProShares Short Bitcoin ETF | -0.42 | -0.33 | -0.33 | 57 | Cryptocurrency | DAX vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.42 | -0.38 | -0.38 | 68 | Inverse Equities, Leveraged Equities | DAX vs MSTZ | |
| Proshares Ultrashort Bitcoin ETF | -0.42 | -0.35 | -0.35 | 52 | Cryptocurrency, Leveraged Cryptocurrency | DAX vs SBIT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DAX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DAX and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.21, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.21 | 0.00 | 0.16 | 70 | Energy | |
| Exxon Mobil Corporation | -0.20 | -0.00 | 0.14 | 75 | Energy | |
| Devon Energy Corporation | -0.18 | 0.04 | 0.18 | 72 | Energy | |
| ConocoPhillips Company | -0.18 | 0.01 | 0.14 | 66 | Energy | |
| Altria Group, Inc. | -0.16 | 0.05 | 0.14 | 81 | Consumer Defensive |
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